Course Solutions Uncategorized (Answered) : Safety Stock and Re-order Point: Demand for a component during its lead time is normally distributed, with a mean of 500 unit

(Answered) : Safety Stock and Re-order Point: Demand for a component during its lead time is normally distributed, with a mean of 500 unit

June 27, 2024June 27, 2024| adminadmin| 0 Comment| 7:37 pm
Categories:

Safety Stock and Re-order Point:

Demand for a component during its lead time is normally distributed, with a mean of 500 units and standard deviation of 20. The firm wishes to limit stockouts to an average of 1 in every 20 order cycles (service level should be 19/20).

Determine what safety stock and re-order point should be used?

If the company wants to provide a service level of 98%, what amount of safety stock it should provide

Expert Answer

Mean demand during lead time(dL) = 500 units

Standard deviation of demand during lead time (sigmadL) = 20 units

Service level = 19/20 = 0.95

OR

PayPal Gateway not configured

OR

PayPal Gateway not configured

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Post

(Solved) : 1 Triangle Class 50pts Design Class Triangle Containing Private Member Variables Double B Q28127812 . . . .(Solved) : 1 Triangle Class 50pts Design Class Triangle Containing Private Member Variables Double B Q28127812 . . . .

Help me solve this using c++<br/><img src="https://media.cheggcdn.com/media%2F9f7%2F9f730524-759d-4053-8666-56de3bf93b57%2Fimage" alt="1. (Triangle Class) a). (50pts) Design a class Triangle containing private member variables double base double height string name and public member functions

Read MoreRead More

(Solved) : E 10101011 13 Encode Following Values Floating Point Format Discussed Slides Indicate Occu Q30789371 . . . .(Solved) : E 10101011 13 Encode Following Values Floating Point Format Discussed Slides Indicate Occu Q30789371 . . . .

<br/><img src="https://media.cheggcdn.com/media%2F66a%2F66aac318-f4b0-4bba-bca3-e53c343d99ff%2Fimage" alt="e. 10101011 13. Encode the following values into the floating-point format discussed in the slides. Indicate the occurrence of truncation errors. a. 2 b. 5ΒΌ 2 2 of

Read MoreRead More

(Answered) : Intergrated, Inc. is the largest manufacturer of yard equipment in the Midwest which include these four outstanding employees, amo(Answered) : Intergrated, Inc. is the largest manufacturer of yard equipment in the Midwest which include these four outstanding employees, amo

Intergrated, Inc. is the largest manufacturer of yard equipment in the Midwest which include these four outstanding employees, among many other employees. Ingrid works in internal audit, Fred works in

Read MoreRead More